guggenheim digital media

Hulu buyout heats up with four reported bidders

Companies looking to get a piece of the Hulu pie had until this week to put in their first round of bids for the video streaming service. And, it appears that four companies have gone in for a slice.

Former News Corp president Peter Chernin, private equity fund Guggenheim Digital Media (which is headed the former interim Yahoo CEO by Ross Levinsohn), satellite operator DirecTV, and cable operator Time Warner Cable have all put in bids, according to Reuters.

Hulu has supposedly been looking for a buyer over the past couple of years, and recently several companies have allegedly expressed … Read more